KCB Group has posted UShs1.01trn in Pre-Tax profit for year ending December 31, 2016, up from UShs923.7bn recorded in 2015, representing 10% growth. KCB Group CEO and MD, Joshua Oigara, attributed the improved performance to the bank’s continued and deliberate focus on growth, efficiency, and value creation for shareholders. The
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Private Education Development Network (PEDN) in partnership with Feed the Future Uganda Youth Leadership for Agriculture (FFUYL), a USAID – funded project have launched a campaign to raise awareness on the importance of girls’ education and the value of women empowerment. This is not only an awareness campaign, but will
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The Uganda Shilling held steady against the US dollar during the week ending 24th March 2017 as demand and supply remained balanced. The absence of strong corporate demand over the past few weeks provided an opportunity for Bank of Uganda (BoU) to purchase dollars for their reserve build up. Trading
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By Peter Abaanabasazi A bitter row involving Hoima District Local Government, Bunyoro Kitara Kingdom and the Church of Uganda has erupted over Shs7bn compensation to persons and institutions affected by the Kigumba–Masindi–Hoima–Kabwoya Road Project. The road in question is one of the many oil roads being upgraded and tarmacked ahead
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The Tony Elumelu Foundation (TEF) has announced 1,000 African upcoming entrepreneurs who are set to receive seed capital worth US$10,000 (about Shs35m) each. These entrepreneurs are the 3rd cohort of the 10-year, $100 million TEF Entrepreneurship Programme. In a March 22, 2017 statement sent to Business Focus, 74 Ugandan entrepreneurs
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Ugandan President, Yoweri Musevni on Monday revealed why he decided to set up a farm in Luweero district arguing that some stubborn Ugandans inspired him. The president revealed this during a tour of the Kawumu Presidential Farm in Makulubita Sub-county, Luweero District that saw him display rear farming skills. [caption id="attachment_566" align="alignnone"
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United States of America (USA) domestice intelligence unit, the Federal Bureau of Investigations (FBI) is currently leading investigations into the murder of slain police spokesperson. We have established that officials from the sophisticated intel unit have already visited the scene to help ascertain who could be behind the gruesome murder
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Former Presidential candidate, Kizza Besigye has blamed 'overzealous' police officers for blocking him from attending slain Assistant Inspectoer General of Police, Andrew Felix Kaweesi's requiem mass. Besigye who was traveling in his personal car to the service at Lubaga Cathedral in Kampala was rurned away by police officers who did
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Uganda's Tax body, Uganda Revenue Authority (URA) has again come under the spotlight over allegations that it connived with a steel company to evade paying tax worth Shs1.2trn. As a resutl, the country's Deputy Speaker of Parliament has ordered an investiagtion over claims that URA allowed steel producers to by
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Ugandan President Yoweri Museveni has threatened to act if the country's police does not do enough to eliminate sloppiness. The president made this warning on Sunday during a visit to the bereaved family of fallen police spokesperson, Andrew Felix Kaweesi in Kulambiro, near the capital Kampala. "To the Police, there
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